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. i'm david asman. welcome to "forbes on fox." steve forbes, rich karlgaard, sabrina schaefer, rick unger, steve. can we trust these folks? >> no. trying to reinstate the program now is a nightmare. it will not be more a few months. it will be several years in the future. this is a fix to get through the next election. it will be a big mess and it will get bigger. this is collapsing on its own. >> rick, how do you trust people who have broken so many promises? >> not a good week to be a defender of the house, is it? >> the reality is whether you can trust them or not, that is not the issue as the perception. right now, americans are not trusting the administration. in politics, however, things change. something will happen next. if they do the right thing and they handle it well, they will dig out of it. if they don't, he has a big problem. face it. >> he does. emac, specifically one promise that he made, when apparently he had information that contradicted that promis july 2010, a report was out that 4 to 67% of individual policies would be canceled. i.r.s. report, obamacare report
be willing to jettison obama care too? let's talk. here is democratic strategist steve mcmahon. jenkins of the "wall street journal" editorial board. paul howard from the manhattan institute. and joining us shortly, veteran political analyst larry sabato. it's kind of like, i don't know, deja vu all over again. the white house is capitulating. the insurance companies can do it better. this is where we started. why don't we just stay there and let the insurance companies do that? why do we need this gigantic state-run bureaucracy? >> well, the insurance companies selling obama care policies is just a stopgap. they still expect to get the exchange up and running. they're simply trying to make sure it doesn't all go kaput between now and then. secondly, the catastrophic medicare thing was a, bipartisan, b, kind of a small law. it wasn't going to discredit anybody's political career, certainly not president reagan's. so i don't think that the obama people are going to give up the ghost quite as quickly as dan rostenkowski and ronald reagan did. >> okay. maybe. so small is a relative term. l
money. every time he played poker he brought a shoebox full of change. we called him shoebox steve. >>> let's move on to jpmorgan. that was over the sale of mortgage-backed securities covered by jpmorgan and bear stearns in 2005 and 2008. jpmorgan bought bear stearns. it was march of 2008. it predated the heart of the crisis being that it was in march but bear stearns was 2 bucks and ended up being $10. the larger question here is are they moving through all of the various fines, penalties, fees, settlements that they need to, can investors see through to the other side? they have put aside 23 billion for so-called litigation expense. jim, i start to wonder whether the continued -- i wouldn't call it an avalanche but the continued pressure from regulate are to regulators and all of the pressure points that they seem to be applying, one has to wonder whether we'll truly abate and get back to what we call real earnings power for these financial institutions. >> look, if we had normalized earnings and this is not a normal time, then jpmorgan would probably be 6, 7 points higher. all o
wherever they're going. >> steve centanni at reagan national where they have loud music. by the way, the president of the united states was able to fly back to washington before the rotten weather here. he had been busy. he had been out in hollywood. he had three fund-raisers, 19 hours telling hollywood good job out there. >> started in seattle, san francisco and then over to los angeles. >> remember when he was too busy wanting to focus on the website healthcare.gov getting it functioning, but apparently this trip was important to get into hollywood and give the message that he wanted everyone there who could eventually influence those watching the programs -- >> yeah. it was a big -- watch. >> i was talking to some of the studio executives and i said, look, the rollout of new health care marketplace was rough, and nobody was more frustrated about the problems with our website than i am. and yet here in southern california and here across this state, there are thousands of people every single day who are getting health care for the first time. for the first time because of this. an
, steve king of iowa. joining me is our panel of "hardball" all-stars. howard fineman of the huffington post. david corn. jonathan capehart of the washington post, and joan walsh of salon. let's look at the far right's hatred of president obama. number three on our list in our countdown, u.s. congressman blake fairentold of texas, he sided with a group of birthers in a town hall early this summer, and openly discussed impeaching the president. he is also an ardent supporter of ted cruz, 2016 campaign for president. and this is a clip now from his appearance here on "hardball" in september. it's remarkable. >> obama's president. ted cruz can be president. >> what do you mean? this is serious business, congressman. >> absolutely. >>. >> you've been doubting the guy, said he could run for president. explain. is he eligible. you brought it up. i didn't. >> i think he's eligible. i'm giving you a yes answer. >> so if obama was born overseas to an american mother, even if that crazy theory of donald trump is true, he would still be eligible to be president, by that standard. >> we're talking
't sign up. >> steve, what's the political response here? particularly from the democrats, and the senate? are we seeing them begin to get nervous about this, and any breaks with the administration? >> welt, you know, we are, paul, at least in congress, not in the administration, and that's because, you know, i think the website problems have been almost a distraction to the real problem here, which is this is trying to sell the american people on the edsel. they're looking at the product now. they're finding that their losing what they want, the insurance they want, and being forced into something that for millions of americans will be more expensive. what you're seeing now is a lot of what we call the red state democrats who are getting very nervous about what the political impact of this will be. you know, there's some people who think even on tuesday's elections, in some of the states, it might be an issue, because people are just hopping angry about the product that is being forced upon them. >> do you think in the end -- i mean the real danger here for the administration in implemen
with the trader reaction. and $40 billion in asset management. we will get to steve in a minute. but which specific line moved to market the most here? speak out it is this one, many members stress data dependent asset purchase program and some pointed out if economic conditions warranted, the committee could slow the pace of purchases at one of its next few meetings. and got into the weeds of the labor market, but the october 30 meeting was before we got the october jobs report which showed substantial upward revisions in the september jobs payroll jobs numbers, so perhaps the markets were little bit spooked maybe the data would be coming in a little stronger than they had before. tapering may be on the table the next meeting in december, who knows. liz: there is the december meeting. whether the u.s. dollar. moving to these reaction. you had a front-row seat to the generations here. >> we saw them in stocks and the dollar index. 81.1, it did rise after those minutes were released. that is the highest since september 17 after fears of a possible paper. we are hitting those highs. three ba
, steve liesman and rick santelli. and plus bars and ton. is rick santelli there or is that him there? >> i'm here. >> steve liesman, let's start with you. what did the minutes say that spooked the market? >> that a taper is coming in the coming months if the economy performs according to the fed's forecast. that forecast is for a gradual improvement or acceleration in growth to 2014. not necessarily expected at the end -- in the fourth quarter because you'll probably get weak growth. that's why i would rule out a december taper. that it's coming in the coming months and the fed is looking for a we to do that in a way that doesn't cause the market to bring forward when it would raise interest rates. >> what does that mean about investing? what did you hear as an investor trying to allocate capital across? jason pride, jump in there in terms of allocating capital. what does this mean to you today, the minutes? >> one of the most important things people keep missing is the fed needs to taper in order to remain as stimulative as they have been before. one of the things that is coming abo
, forbes media chairman and editor and chief steve forbes, michelle paluso and nick -- steve, first to you. first of all, to those who don't know forbes, how big is forbes? how many employees? >> we are a a little under a thousand. we have really down sized this immediate web age. our web site is flourishing but the print side is not nearly as big as it used to be. so we have been going through two storms. one is the economic storm, the obamacare storm and what's happening with the web. so, our whole business model has just been thrown out and so we have gone through turbulent times so we are a smaller company but today we are now a very profitable company. thank goodness. you say turbulent. if you you have some idea of what's going on. are things certain enough owe obamacare for you now. >> decisions have to make a decision a year from now if we ever get rules of the game in determining what kind of plans we can offer. we have had very generous plans in the past up right now. fins, we give our people $2,500 a year cash that they can use for their healthcare. and if they don't spend it, th
, kansas. steve, this is a story for you. the cargo plane is a boeing 747 and was supposed to land at the air force base in kansas but landed at the smaller airport instead. no one is saying why this happened. this plane needs more than 9,000 feet to take off. the runway is about 6,000 feet long. boeing is trying to figure out how to handle this situation, what to do next. you can tweet us. >>> terrifying moments at another airport. take a look at this. an emergency slide in place in the middle of a flight inside the cabin. it knocked over a flight attendant when it blew up. this was on a flight from fort myers, florida, to boston. take a listen. >> all of a sudden there was a big noise and then it blew up like, you know. it was -- it was scary, a little scary. >> we were all startled. >> i bet that's scary. that flight attendant is okay. the plane made an emergency landing in orlando. no word on why that chute deployed. >>> florida congressman tray radal saying he is not going to step down. instead he's going to take a leave of absence to get treatment for substance abuse. >> i am
. steve sentani joining me now from washington. hi, steve. >> new fallout on the rollout on the sunday talk shows. the president with the new health care law stumbles at the starting gate, and many are getting kicked off their present plan. he announced that anyone who wants to keep their existing plans can do so for one year. but it's not a solution to the problem. >> they're being hit by sticker shock, they can't keep their doctors. and what the president has proposed is basically a false fix. it's a political band-aid but it's not a permanent cure for the people who are being hurt by his policies. >> now, the administration has promised to fix the health dare website by the end of this month. in the meantime, insurance experts say they will continue to work with the administration to make sure the markets don't blow up and the insurers don't become insolvent. democrats say it's time to be patient and let the system work for the american people. >> i think we just have to remain calm, get through the website getting fixed, clarify some misrepresentations about it, but it's the law of
, as steve jobs. he also buys test of th first commercially available electric car with the stocks climbing. >> break this down to talk about tesla the stock goes up the but you worked for steve jobs before you call him the news steve jobs against government handouts for car that costs 60 years $70,000 subsidized by a tax credit from the not so rich people. >> keep in mind he did not need the $1 billion loan from the government he did pay that back also the first innovative breakthrough was the powell he is part of those that disrupted the banking industry. he did not need that many but he borrowed a and paid back and people were lining up to invest because they sell more tesla and then they can make to keep up with manufacturing. it may be a rich man's toy today i can tell you that they are coming now with the new sub model have the price and a lot of innovation with their computer or robots or the internet stars to be expensive in the massmarket takes over numerous entrepreneurs end up in a fading in the price point comes down. >> to push back you say they sell all these carr but 21,000 i
. joining me steve ratner former head of president obama's task force. and a pulitzer prize winning co columnist for "the new york times". steve, struggling on this program. a bit of a struggle to get past anecdote to get past anecdotes about some one has lost their current insurance thinks they will have to pay more. to the actual statistical picture of what we think is really happening under the affordable care act. and you have been working at that. and one of the headlines you have found for example that you don't, see, every day is about 80%, 80% of the people out there will be unaffected by the affordable care act. >> sure. we all can find examples of people who have been adversely affected. but when you look at this from the top down, you find that 80% as you said of people are unaffected you. find that when you drill down further and further, you get down to this 5% of people roughly in the individual marketplace. what this is all about. you find that half of them are going to find better plans, at loper pri lower prices. 1 1/4 percent will qualify for subsidies. 1.2, 1.3 persi
's an incredible car. >> it's not just the shape of the car. they did things like steve jobs. you know, form follows function or whatever the old, you know, architectural strategy. the guy is like jobs to come out of nowhere. gm and ford and all the others they've been trying to come up with this for so long. i see what he's saying. if you've got a gas tank with 30 gallons worth of gas and you're in a bad accident, that's scary. but then there are these batteries, apparently -- >> and the distributor -- >> distributed across the whole bottom. does any little, you know, does any crash -- >> consumer reports comes out and says it's the safest car they've ever tested. >> this is interesting. we'll see what kind of conclusions these -- and you know, when you test cars, you see those, you know, crash dummies and stuff. you see how hard -- and it's scary to watch because even 35 miles an hour. >> are they really smashing up teslas, though? >> it's only the government, we can afford it. >> consumer reports. >> consumer reports. >> but when they test. >> yeah, well, they, i'm sure are. >> money to b
can't cancel the election time. with us now, steve more from the law street journal editorial board and dr. scott gottlieb's, former policy for centers for medicare and medicaid services. welcome to you both. i will start with you. let me read you what the obamacare administration is saying about what is essentially a 30 day delay. they say it is to give insurers the benefit of more time to evaluate there experiences during the 2014 plan year and allow them to take into account those who may enroll late including young adults before setting 2015 rates. >> that is probably right because the insurers are going to have a hard time submitting bids. >> there were not going to have a lot to go on. the administration is worried. this hurts consumers. there will have to wait. gerri: calling mekeptical. this is a bold political bid not to get in trouble at the election polls. what do you say? >> it think? getting that is absolutely right. when i talked to democrats on capitol, what they're telling me is that love to put this off after the 2014 election. i think that the eire law may actually
host monica crowley and "weekly standard"'s steve hayes. both are fox news contributors. so i can't believe that we're sort of just hearing about this and figuring it out now. it is called the risk corridor. it basically it says if insurers costs are 3% more than what they targeted, we the taxpayer, will give them 50% of that difference. if it is more than 8% above what they anticipated, we're going to give them 80% of that difference. oh my! >> yeah, you're exactly right. we're just finding out about this over the last week or so but those of us who opposed obamacare all along, steve and "weekly standard," and i we were warning exactly read this. nobody read the bill. we were warning about these kind of time bombs that would blow up as the law started to be implemented. this obama fix is not even a fix -- melissa: makes it worse. >> throws off the whole risk pool. in terms, wait a minute with only people going through a broken website, that exacerbates it more, we'll drive up premiums. melissa: steve, explain to people really clearly what we're talking about here. people in the l
. did i say 930? he was on the space shuttle and put it on water. let me go back again. thanks, steve. caught on video, a powerboat racer crashes at 130 miles an hour and lives to tell the tale. starts now. >> that doesn't sound as impressive. right? >> you're watching "fox & friends." sit up straight, brian. >> we're lucky he's fine. >> we know he survived. that's the good news. >> today is going to be the easiest day to write a check. >> why? >> today is 11/12/13. >> wow! speaking of news, let's talk a little bit about this. we had heard from the government that they thought by the end of the first month they would probably sign up 500,000 people, and yet the early numbers so far -- there are two news sources. "the washington post" says it's 40,000 people and the "wall street journal" says it's between 40,000 and 50,000 people. only six signed up on the first day and as i said the target was half a million by the end of october. >> in places like or orbgs apparently the -- in places like oregon, "the washington post" has said it has set up its own skhraepbg system. they haven't seen
sales apparently unaffected. >> gasoline, steve liesman said not spending as much on gasoline, we're biography sweaters. it's true. if you looked at it empirically, it's apparel, a little more money in the pocket, not going to walmart, stepping up a little bui bit higher. >> down here at the big board, nuskin enterprises and over at the nasdaq, advanced energy. >> and nuskin, you do personal care and you push it, this is the opposite of avon in terms of performance. people betting against nu skin have not been rewarded. >> jcpenney a winner out of the gate, up more than 9%. your story, you'd rather by pvh. >> i'm not about surviving. i'm about making money. >> about thriving. don't survive, thrive! >> if they're doing well, what is terry lundgren doing at macy's? just putting points on the board. pvh is going to go much higher. i think the calvin klein deal is going to pay off dividends. >> lowe's, second biggest loser. >> disappoint ing. >> and smuckers, after kelloggs and campbell's soup, something's going on in food. >> campbell's soup, they talked about how disappointed they w
calendar -- that's steve's watch. this is my watch. "fox & friends" starts right now. ♪ ♪ >> you know, typical washington, d.c. you wonder why we're in trouble. some guy goes out for lunch. he's got 40 bucks in his pocket. he spent 50 bucks. >> no big deal. somebody else will pay for it. >> that guy is like the vice president. >> he's just like the vice president. >> in fact he is. >> money management. >> joe biden did it again. so we have something else. we also have something very interesting. we have joe biden as senator and joe biden as vice president commenting on the nuclear option. we have president obama as president and we also have president obama as senator commentating on the nuclear option. the nuclear option is what drops the overall vote down in the senate to pass something from 60 to 51. it finally happened. the nuclear option was enacted, but the problem is it has a track record. >> it does. yesterday harry reid and company, the democrats, blew up two centuries of tradition and custom. what's interesting is -- and we're going to talk about how it does appear it is a d
mentioned he's the author of the best-selling book steve jobs. and walter, we are dying to hear your thoughts on obama care. we've been talking about this a lot this morning. trying to figure out where we are in the situation. you're a big thinker. where do you think things stand at this point? >> well, i love the conversation between joe and governor markell. because in some ways both are right. this is an absolute disaster when it comes to showing can government do something big? we watch airlines merge and private industries and they're trying to get reservation systems right and takes three or four months of a bad flying summer. this one was difficult. but i do think and i know you'll push back on me that it is a problem the way things were before. two things, the fee for service which y'all talked about but also kids in their 20s. kids my daughter's age, they want to join start-ups, they want to be independent. employee, you know, health care is really something we have to get away from. people need to be able to go on to market and buy insurance. well, is this the best way to d
shareholder meeting in a little more than an hour or now, as steve ballmer gets ready to exit the tech giant. talked a lot about ballmer yesterday in that interview with the "journal." >> that was the topic of much conversation out west. drew halston from drop box talking openly about the idea that steve stood in the way of progress, marc benioff saying how he recognized the impediment to microsoft is himself. a lot of soul searcher out there. >> some other soul searching going on among ceos of fortune 50 companies, they looked at what happened with mr. ballmer where he expressed a bit of ambivalence about staying in this job to his lead director and they were like great, thanks. >> wow. >> and i've been hearing that those kind of ceos or any ceos, whether it's activists or just in general sort of wondering whether their board is going to turn on them are definitely seeking advice on how to prevent that from happening. >> this is a revolution. boards are supposed to be rubber stampers. >> not anymore. not as much. you still see some but there has been a change. >> abercrombie's board? >> you
markdown, and ceo steve balmer is retiring. that move wouldn't be happening at all. it's another case of a gigantic buyback just like merck and mcdonald's. how about walmart? remember, it turns out to be a fantastic buying opportunity and you're up a couple of bucks if you bought it with last week's weakness. i don't even care. what matters is that the stock is higher after a panned quarter. no one like the visa quarter, either, except the buyers who got into the incredibly well-run secular winner of the company that is still rung with the revolution. the six-point decline was a terrific entry point as visa now is only two points below where it reported, and i sense they'll take that price out, too. chevron missed and quickly dropped three points in what looked to be some less healthy production growth and not as exxon and not so hot refining margins and the stock is nicely above where they were, we have to be thank of the for the pullback. remember the woe is me goldman sachs quarter? the stock's now up 12 points from the 158 level that used the discipline and what an opportunity tha
, happy thanksgivukkah. >>> good evening. thanks to you at home for joining us. i'm steve krenaki. rachel has the night off. it is the day before thanksgiving in america, because of this. >>> the office of the presidency, the most powerful position in the world, brings with it many awesome and solemn responsibilities. this is not one of them. >> that is the president today pardoning a turkey with first daughter, sasha and malia. the turkey's name, in case you are wondering, is popcorn. he is from the state of minnesota. the president was obviously back at the white house today along with popcorn. he spent the better part of this week not in you go wa. he spent the better part of this week in california where he attended fund-raisers. he visited dreamworks animation where he joked that his ears were the inspiration for shrek. in california, the president gave a big immigration address where he was heckled by a dreamer who pleaded for an end of deportation. the president said there was only so much he could do himself. he is going to need congress to act to do more. one thing he did not dev
're offering up. so guess what else is going up? to steve at reagan national airport. steve? >> reporter: it's a formula for passenger frustration. you have fewer flights, more passengers, and higher fares. now, of course, holiday travelers face a lot of hassles. the weather is one of them. you can often have flight delays and difficulties like that, your flight is canceled. but a bigger concern might be the hefty price of those tickets, especially on the flights that are most in demand. now, there's good and bad news on this price front. the good news is, prices are not going up as fast as they were in the past couple of years. the bad news is, they are still going up. so take a look at this graphic put together be farecompare.com. now, that shows that in 2013, prices went up nearly 2%, 1.9%. but compare that with 2011, when we really hit the peak. that's when prices spiked at 4.4% over the previous year. so prices are going up, but the increase has slowed down somewhat. now, here's rick seeny of farecompare to summarize this situation. >> the bottom line is, prices are up, pretty dramatica
moves across the country. we are covering the action for you, and we go live, steve centanni is at reagan national airport with the latest on delays and what you can do to avoid them. steve. >> >> reporter: yeah, adam, a very, very busy holiday travel week all the way up through sunday which is one of the business jest travel days of -- busiest travel days of the entire year. to plan ahead x. it's not going to be smooth sailing for everybody, i hate to tell you, because of the weather delays, weather problems all the way across the country. take a look at some pictures we shot earlier here at national airport. things moving fairly smoothly, a lot of the arrivallings are delayed, more than half coming in late, and that's probably going to push back the departure times later in the day as you have that domino effect. a lot of rain here, possibly snow tomorrow, weather problems all the way across the country as that storm moved from california, down to the south, now up into the northeast. just a lot of tangled travelers and flights delayed and a lot of headaches on this holiday
.16 billion in local revenues. that was a balance yesterday of the task force, by steve. and the 2.3 billion, and the 2 to one match is not all new money but includes the commitments of anticipated federal funds, toward the mtc, proposal significantly accelerates to promote the finding of the ready to go fro ject. it is suspected to act on this proposal in december. i would like to thank the mtc staff for the proposal which is in response to the funding shortfalls that were unable and were unable to be funded in the regional transportation plan, also, last week, california alliance for the jobs and transportation california to the industry based organizations that the paperwork to the state to preserve the opportunity to put a constitutional amendment on the 2014 ballot that will put into place, the state wide license fee dedicated for the transportation and infrastructure and a state of good repair, the measure is anticipated to generate, $2.9 billion state wide and although san francisco would likely receive quite a bit less than we successfully pursued under our own 1.3 percent vehicle li
officer and anyone else please. hello commissioners i'm steve is from central station we spoke about the leads training and i got more formation information so the next abc leads training this is a free training that absence absent will imperative out you only have to sign up. it's on december 10th. and in the future you only have to go to the abc website. i try to encourage the establishments to do the training. it's really helpful. a lot of times we'll have a gut feeling so far as something not being right on thursday someone fired a gun on 440 brood and the shell casing away was found outside the club. part of the conditions is they maintain the surveillance system for at least fourteen days and that night it was not operating. i look at how many cases are closed or you how many times we're able to look at shootings or on those lines through the video. and so it's kind of i wish they had the video there because if we have someone on broadway shooting off a gun we want this video. other things going on there was a undesirable the peace call at the masonic they are were having an ev
. hey. >> the first annual steve har vi neighborhood awards announced during a taping of his show. karen's florist was named the best florist. th another winner from our area, the police chief of harbor, patricia harmon was voted best police officer. the steve harvey show airs on nbc 4. you can see clips of all the winners on our website, www.nbcwashington.com. >>> if you are already over the black friday shopping, there's more. we have everything you need to know before cyber monday. >> yeah, our liz crenshaw did all the work for you to help you find the best deals online. >> reporter: there will be some big changes for those of you coming bac >>> starting monday, the district will hand out $100 fines in one part of town if you don't park within the lines. >> in other parts of the city, there's limits to where food trucks can park. >> mark segraves has the details now, before you head back to work. >> reporter: the tracks are in and the wires are up. even the streetcars won't be running along h street northeast until next year, the fines for blacking the path start monday. you must park
as they point out, talking about 340,000 new auto jobs created for gm. thank you, steve. >> be careful. the stock that is not much of an overhang. a lot of people knew this. going for the job saying this is happening. those are taking it. you won't see it last a day unless the futures go up. gm doing better in europe and china. it is a good story. ford not going up since the -- the stock shouldn't be up at all. >> along with that a lot of retail numbers. shares of target are down sharply. discount retailer posting results below estimates siting delusion relating to the canadian segment where gross margins 13.8 versus 30%. >> it is the comp stores .9%. costco is .56. there is the halo. people want to give target the benefit of the doubt. you keep thinking this is going to be the breakout. the idea that we are going to wake up and target is going to be the same old target is not happening. it is a decent story, not a great story. i see no reason to buy or sell. >> you are neutral. >> when you have outfits like costco and williams sonoma i question why i have to own the stock. my travel i
-- >> remember, this is an alcoa skin. and steve jobs loved the feel of aluminum versus plastic. and if you try to get an answer from alcoa about how well things are, they're going to tell you you're going to have to wait a long time. alcoa can wait. >> yes, yes. i'm a mini fan, by the way. >> you are? >> yeah. >> that means your wife doesn't like what you watch. >> no, it's just easy to carry with you and take with you and much lighter than this and basically does the same things. in terms of the stock and impact and this coming out and mossberg's incredibly positive review -- >> i think it does matter. but that's the problem with the analysts. the analysts think it's gross margins. my suggestion is when you have a superior product, you will see gross margins go up because competitors can't compete. and craig jelinik at costco, he said this is the product, for christmas, this is the product. and ups has done well and percolating when apple has a new product that people buy. >> said on a day that the holiday season does begin. it's a little regis. a little monochrome atic. >> in is an italian m
with the very latest on the disaster. maria? >> steve, elisabeth and brian, the storm system moved through parts of the midwest on sunday and produced several tornadoes and national weather service survey crews did head out yesterday and surveyed the damage and confirmed multiple tornadoes out there. in washington, illinois, you're seeing aerial pictures now, heartbreaking seeing all of this damage and homes completely destroyed, it was confirmed that was an ef-4 tornado with winds of 190 miles per hour and that the length of the path of that tornado was 46.2 miles. that particular tornado killed one person and injured 122 people. also another confirmed tornado in gifford, illinois, an ef-3 confirmed with winds up to 140 miles per hour. that is just two of the confirmed tornadoes out of dozens across parts of illinois, parts of indiana and also kentucky. we'll continue to bring you the very latest. the forecast not looking good out here. we expect to see rain moving in tuesday, wednesday and thursday, actually later today through wednesday and also through friday. that's something we're tracking
as a triptick at auction. the price $142.4 million. no word on the seller or the buyer yet. word has it steve wynn might have been one of the bidders. the record for the most expensive work sold by a living artist also shattered last night, jeff koounz balloon dog went for $58 million sold by peter brant to a unknown buyer. here's a great view from inside what was a packed room last night. taken by one of our "power lunch" producers. you know, robert, you just got to wonder with numbers like that being bandied about, i mean we've talked before about whether or not the contemporary art market is in a bubble. what's your perspective on that? >> we've been talking about a bubble in the art market for at least four years and it goes higher. i think it's going to keep going higher not because of really the quality of art getting better but people, especially the wealthy, want a safe place to put their wealth so like many collectibles art is going to keep going up. >> that balloon dog may be great but it messes up the lawn. you have to clean it up after it. what about sotheby's they have an auction
to upset your staff. do you like it or hate isn't today's money talker. here, julie roginsky, steve moore and ari zolden. what do you guys think? all about the badges that you have wear arounn and go through security and they can tell when you're coming and leaving, at your desk, what do you think. julie what do you think. >> i george brownies in the green room. melissa: there is camera in there, they know about that. >> congratulations fox, i'm only one that eats it. i hate it. melissa: you hate this? >> i hate it. if you have to micromanage people why would, my whole thing is empower your employees. let them dot thing and if they stink get rid of them. why micromanage them. if you want to step up themselves get rid of them. >> i thought it funny on sec is supplying on employees. that is okay with me as long as they're not spying on me. melissa: first thing i thought are the sec is feeling about everyone. if they're spying on employees they're spying on everyone. without question, right? >> when you take the job you're under the rules of employer this seems to be going a bit too far, mon
. joining me now with reaction, steve king. minnesota congresswoman michele bachmann. first of all, we have to get it on the table. this jug just delays the madness. we'll be back here a year from now. >> we are in the same madness sooner. he can't fulfill the promise because the insurance companies have to opt in. and the insured need to also opt in. no way that becomes 100% of people get to keep their policy. his restatement of the gra grandfather clause, if premiums went up that disqualified the policies. this is a lot of rhetoric in a desperate president trying to react to democrat push back. the senators went to the white house. the democrats voted with the president on this. this is panic mode for the president of the united states. >> instead of saying, okay, i made the promise. i will keep my promise. the president has delayed the inevitable here. i think it's obvious, but why do you think he did it? >> this is a political problem for the president. this is the political solution to his political problem. it isn't about the people. it's about the political problems of the democratic
. promoting steve jobs movie, parodying steve jobs movie. promoting obama he was parroting obama's language with that collectiveness pledge video. he doesn't have a original thought in his body. certainly not a capitalist thought. walmart succeeds because of free voluntary trade. million plus employees voluntary work for the store. people voluntarily shop at store. when they build the store it raises property values in the neighborhood. kutcher doesn't have a thought in his head. melissa: brian, ashton kutcher likes what is trendy. to me piling on walmart, the coolest thing to do in america is beat up on big corporations, like walmart, like mcdonald's. that is our point. when you see hollywood piling on, then it's cool to kick walmart while they're down. why is this? >> first of all i'm on team hashtag ashton here. reality not saying necessarily new we don't already know. over 800,000 walmart employees. melissa: you're on ashton's side? come on! >> i seen walmart. watched it first-hand next several years. 800,000 workers earning less than $20,000. you have walmart employees now being replac
by staff -- i don't know, art, the letter was to you or to steve moore or to me or somebody disowning saying the reagan tax cuts helped the rich and the kennedy tax cuts didn't help the rich, which is utter nonsense. if anything, the kennedy tax cuts had more powerful incentive effects than the reagan tax cuts. >> yeah, it was for sure to steve moore. i think it was addressed to me as well. but i'm not sure. and it was co-authored by caroline as well. but the truth of the matter is, bobby kennedy was as pro-tax cuts and growth as was jack kennedy. the problem with the younger kennedys is they never got to get the direct experience from their fathers. they never did. they were told about their dads from all sorts of other people because their dads were killed. and what happened is i took joe kennedy in to patrick moynahan's office to explain to him what bobby kennedy was going to run on in that race, which was really going to be reagan's tax cuts. >> i know you worked on joe. i remember that period. >> joe was wonderful. joe is great. >> joe's a great guy. it didn't really rub off. >>
was named best police officer in the first annual steve harvey neighborhood awards. she went to chicago to accept her award on the hit tv show. growing up she was a troubled kid until i prince william county police officer changed her life. >> and when kids get in trouble in my community, arrest is the st tng we do. we help them. helping out a kid in trouble really can change a life. >> another big winner, karen's florist shop won the award for best florist. you can watch the steve harvey show every weekday afternoon at 2:00 here on nbc 4. congratulations to them. >> why kevin bacon is making a personal employee to help support the d.c. area economy. >> and some of the holiday sales may not be worth rushing out to this weekend. we'll compare. >> amelia is here. >> we're looking at mostly cloudy skies today and cooler temperatures but warmer tomorrow. how >>> new this morning, the mega millions jackpot just got a lot bigger. no one won last night's drawing which was worth about $230 million. now that jackpot is worth 257 million. this is the largest since a year and a half ago. but no on
from perfume to children's toys, but which may also be causing birth defects. but first, steve kroft's story on the enormous amount of money being spent to treat people as they approach the end of their lives. how much money? well, in 2009, medicare paid $55 billion for doctor and hospital bills for patients as they approached the last two months of life. to give you some perspective, that's more than the budget for the department of homeland security or the department of education. and as we reported in 2009, most of those bills were paid for by the government with few or no questions asked and with an estimated 30% of the treatments having no meaningful impact. >> ms. klish, it's dr. byock. >> marcia klish is either being saved by medical technology or being prevented from dying a natural death. >> we're just here checking on you. >> she's been unconscious in the intensive care unit at dartmouth hitchcock medical center in lebanon, new hampshire, for the better part of a week. one of her doctors, ira byock, told us it costs up to $10,000 a day to maintain someone in the icu. >> thi
. >> welcome to 60 minutes on cnbc. i'm steve kroft. we live on an increasingly endangered planet, from the glaciers of antarctica to the rich prairie lands of canada. and the ultimate disaster may be financial as well as environmental. later in this episode, scott pelley reports from antarctica on the wide-ranging effects of global warming. and later bob simon has a story from canada on the environmental damage caused by the next great oil rush. but our first story involves a controversial waste product that could have damaging effects on the environment. there are more than 600 coal-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal
that says the president kept explaining to the steve jobs individuals. a great game. it's not whether you can win or lose. >> there is no way that we can be talked about by apple. [laughter] >> they are using a pop-culture reference. >> i will speak to the president. the current run is itunes. it is good. apple said it could push a button and buy the song. >> still says apple. >> is a good opportunity to say that this is very complicated. and buying insurance before there was a terrible time by the government have a website with complicated it was difficult to nobody in the world can do it as simply as you can buy a song on itunes and he's just trying to explain that to people and easy to relate terms. >> is impossible, this thing is not going to be ready by december 1. >> and 30 the apicants are doing it on paper. this idea is lame. macko had? this is where we can pile on the criticism. it should've been better it will be better. this includes aprocess that is no time. >> so that will do it. in the meantime, tea partiers are fighting to take over washington. >> i don't intend to run to t
. company veteran, dug mcmillon will succeed steve duke. you were just talking with andrew about why you would do this days before the holiday season would start and why mike duke is leaving years before expected. >> he hasn't been there but since 2009. his predecessor, lee scott, 2000 to 2009. it seems like a shortened period. also, as someone who follows retail closely, this is not the time to change horses, so to speak. at the same time, i am sure this company will, without a doubt, say it is seamless. i want to hear from david, that there is nothing pertinent that would make it so this seems wrong. i don't think it is right. >> david, you do know mcmillon well. what can you tell us? >> i spent a good amount of time doing our last document on walmart, which has to be about five years ago. then, there was a lot of speculation he would be the next ceo. i remember distinctly discussing it with him. it did make air on the documentary, that idea. he was running international. we spent a couple of days together in china. certainly, well-schooled in international, had run, i believe, cosco p
the mundane into the magical. on the margins, the great steve martin suffering a cold and opted out of the presidential handshake. and mr. obama wants to martin and actor jim parsons record dialogue. >> i fixed my mistake. >> but you have made your mistake. >> i made many mistakes before that. >> reporter: hitting his marks the president focused on the economy. smart phone systems and other advances, but also acknowledging many mistakes that create what he called the rough debut of obamacare. >> serious southern california and across the state there are thousands of people every single day who are getting health care from the first time. the first time. [applause] because of this. [applause] and by the way, the website is continually working better, so check it out. [laughter] >> reporter: the conference board reported consumer confidence dropped nearly two points to its lowest level since april with fear about hiring and wages aggregated by that government shut down and the cancellation of millions of health insurance policies. >> the fact that the $600 million we spend on health c
health insurance marketplace. >> did i say peter? maybe steve doocy. the obamacare commercial that cut into your football viewing. >> this mom who was caught boozing while breast feeding. >> it's "fox & friends." >> welcome. we are here and alive on this black friday. >> we survived. >> i'm hung over from the turkey. >> this turkey. >> there was no alcohol at all. football. i'm sure many of you are up and at it. probably getting up for black friday deals kofplgt up later in the show, aboutom nt black friday deals. one of them, $700 off. we're going to show it to you today in the studio. >> on my way in going down sixth avenue, you pass by macy's and there were people everywhere. probably a lot of tourists right now looking kind of quiet. black friday shopping is in full swing this morning. things already turning violent in parts of the country. police in new jersey using pepper spray on a customer in wal-mart. the customer became, quote, belligerent while arguing with a customer over a television. spoil while looking for a -- >> while looking for a discount tv, one woman got one droppe
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